Daily market review for 19.02.2015

EUR/USD trades positively and has again succeeded to strengthen higher than 1.14. Many investors consider to focus on further purchases, which will grow starting from the current levels. The 1.15 target still remains, and in case of any positive data it can be reached already today. GBP/USD, just like EUR/USD, trades positively but couldn't strengthen higher than 1.55 yet. USD/JPY corrects after its active rise, but the positive sentiment still remains. Gold gradually stabilizes and has perspectives for a further rise.

Market news

Important statistics for the Eurozone, the UK and the USA are expected today. As to the Eurozone, we recommend to pay attention to the French CPI report, the data is expected to be worse than the previous one and can negatively affect the euro. As to the UK, the CBI Industrial Trends Orders will be published, the data is expected to be positive and can influence the British pound. As regards to the USA, we recommend to pay attention to the Philadelphia Fed Manufacturing Index, the forecast is positive and can impact the American dollar.

Our recommendations

EUR/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1.1423. The important levels that prevent the fall are located at 1.1392 and 1.1333. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GBP/USD trades positively. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 1.5478. The important levels that prevent the fall are located at 1.5415 and 1.5341. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

AUD/USD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.7842. The important levels that prevent the fall are located at 0.7793 and 0.7772. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/JPY trades positively. Moving averages stay horizontally, but there might be a further increase. The important levels that prevent the rise are located at 118.77 and 119.41. The important level that prevents the fall is located at 118.45. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/CHF trades in a narrow range. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 0.9452. The important levels that prevent the fall are located at 0.9406 and 0.9350. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

USD/RUR trades in a narrow range. Moving averages stay up, which show a further increase. The important level that prevents the rise is located at 62.00. The important levels that prevent the fall are located at 61.27 and 60.02. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

 

GOLD trades positively. Moving averages stay horizontally, but there might be a further increase. The important level that prevents the rise is located at 1217. The important levels that prevent the fall are located at 1207 and 1197. We recommend to sell Put Options at the resistance levels and to buy Call Options at the support levels.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions.